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Given the Shift of the Aggregate Demand Curve from AD1

Question 7

Multiple Choice

Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 6, the real GDP and price level (CPI) in long-run equilibrium will be:


A) $10 billion and 200.
B) $4 billion and 150.
C) $10 billion and 150.
D) $10 billion and 100.

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